2010-10-20 GnuCash IRC logs
01:01:43 *** Slurpee has quit IRC
01:03:38 *** Linuturk has quit IRC
01:20:16 *** Linuturk has joined #gnucash
01:39:42 *** pcroque has left #gnucash
02:07:41 *** warlord has joined #gnucash
02:07:41 *** gncbot sets mode: +o warlord
02:21:47 *** warlord is now known as warlord-afk
02:29:54 *** e-ndy has joined #gnucash
02:30:25 *** Linuturk has quit IRC
02:52:37 *** Linuturk has joined #gnucash
04:03:52 *** Linuturk has quit IRC
04:20:38 *** Linuturk has joined #gnucash
05:22:17 *** Linuturk has quit IRC
05:28:38 *** Linuturk has joined #gnucash
06:19:20 *** Linuturk has quit IRC
06:28:23 *** Linuturk has joined #gnucash
06:59:24 *** e-ndy has quit IRC
07:18:23 *** kpreid has quit IRC
07:24:27 *** ErKa has joined #gnucash
07:41:38 *** Jimraehl has left #gnucash
07:47:16 *** kpreid has joined #gnucash
07:58:51 *** Jimraehl has joined #gnucash
08:04:43 *** Linuturk_ has joined #gnucash
08:06:21 *** Linuturk has quit IRC
08:19:45 *** ottoshmidt has joined #gnucash
08:23:09 *** fbond has joined #gnucash
08:49:24 *** kpreid has quit IRC
08:58:09 *** fbond has quit IRC
09:01:03 *** fbond has joined #gnucash
09:02:44 *** ottoshmidt has quit IRC
09:06:40 *** ottoshmidt has joined #gnucash
09:09:24 *** ottoshmidt has quit IRC
09:25:02 *** ottoshmidt has joined #gnucash
10:08:42 *** kpreid has joined #gnucash
10:37:13 *** Slurpee has joined #gnucash
10:42:14 *** zerwas has joined #gnucash
10:42:16 <zerwas> Hi
10:43:17 <zerwas> I don't know what the english translation for "Ausgleichskonto" in gnucash is, but i have problems to understand this concept
10:59:31 <lupine_85> 'compensation account'
10:59:41 <lupine_85> Is it like the imbalance accounts?
11:05:06 <zerwas> what is the compensation account for?
11:05:24 <zerwas> i wanted to enter my current balance of my giro account ... but when i do this, i get the same amount automatically entered as negative in the compensation account.
11:08:26 *** warlord-afk is now known as warlord
11:08:33 <warlord> perhaps "imbalance"?
11:08:49 <warlord> zerwas: what language is that from? I can look for the inverse translation
11:09:08 *** bentob0x has joined #gnucash
11:09:31 <zerwas> lupine_85> i think it's the imbalance account
11:09:41 <lupine_85> zerwas, basically, where it takes the money from if it doesn't get told which account to take it from
11:10:04 <lupine_85> you'd probably want to go from income - other income to assets - current account
11:10:06 <lupine_85> or whatever
11:10:10 <zerwas> hm
11:10:19 <lupine_85> double-book accounting hurt my head when I first came across it
11:11:22 <warlord> the imbalance account gets created if you neglect to put some other account in the transfer column. It's GnuCash's way of enforcing double-entry
11:11:49 <warlord> If you want to enter a current balance into your giro account, that balance needs to come from somewhere. Usually an opening balance would come from "Equity:Opening Balance"
11:15:39 *** markjenkinsparit has joined #gnucash
11:21:13 *** kpreid has quit IRC
11:56:34 *** fbond has quit IRC
12:02:21 *** warlord has quit IRC
12:03:01 *** kpreid has joined #gnucash
12:23:31 *** warlord has joined #gnucash
12:23:31 *** gncbot sets mode: +o warlord
12:30:00 <zerwas> warlord and lupine_85, thank you very much, i think i understood now :)
12:30:11 <warlord> you're welcome
12:36:01 *** ottoshmidt has quit IRC
12:49:20 *** kpreid has quit IRC
12:52:31 *** ottoshmidt has joined #gnucash
12:53:58 *** kpreid has joined #gnucash
13:38:03 *** fbond has joined #gnucash
13:40:22 <indigo> are increases in value of mutual funds that haven't yet been sold properly called capital gains?
13:41:40 <jsled> "unrealized capital gains", more appropriately.
13:41:58 <indigo> are those taxed as income in the US?
13:41:59 <jsled> I'd wager that "capital gains" alone usually refers to realized gains.
13:42:14 <jsled> unrealized gains? are untaxed.
13:42:30 <indigo> i'm trying to decide how to account for my 401k and mutual fund invesetments
13:42:37 <jsled> http://en.wikipedia.org/wiki/Capital_gains_tax#United_States
13:43:57 <indigo> i know i can have an account denominated in shares of the fund, but my 401k funds aren't publicly traded, and the statements i get make it hard or impossible to determine when i bought how many shares at what price
13:44:02 <jsled> indigo: http://svn.gnucash.org/docs/guide/chapter_capgain.html and http://svn.gnucash.org/docs/guide/chapter_invest.html might be interesting
13:44:15 *** ottoshmidt has quit IRC
13:50:10 <warlord> indigo: if you don't care about 'present value' of your funds, you can just treat it as a cash investment, but when you sell out you'll need to trust them for your cap gains.
13:55:04 <indigo> that's how i'm doing it now
13:55:26 <indigo> the problem is it's impossible to reconcile anything with the statements, except maybe contributions to date
13:57:49 <warlord> Yep, that would be the downside
13:59:23 <indigo> i've read in some of the documentation about having accounts denominated in shares
14:00:05 <indigo> maybe i should try to get it working with a fund for which i can get real information
14:00:35 <indigo> or maybe my 401k people can provide me with more detailed statements
14:01:45 <indigo> actually, the thing i'd really like to see is the profit everyone is taking off my gains
14:02:01 <jsled> you can have non-public commodities/shares in gnucash for those 401k's …
14:02:11 <indigo> they do a good job of hiding that on the statement
14:02:58 <warlord> We can't really help you there.
14:03:01 <indigo> jsled: yeah, i'm just not sure how i work all the data. When the money is deducted from my paycheck, i don't know how many shares it bought, or at what price
14:03:21 <indigo> later i get a statement that says how many shares i own now, and what their value is, but doesn't provide any history
14:03:34 <indigo> also it says how much i contributed since the last statement. that's about it.
14:03:36 <jsled> er … that's probably illegal. :)
14:03:49 <jsled> Who's your 401k through?
14:03:56 <indigo> lincoln financial
14:04:12 <jsled> oh, heh, I used to have them.
14:04:30 <jsled> doesn't the website have transaction details?
14:04:46 <indigo> i don't think so
14:05:06 <indigo> let's check again.
14:13:34 <indigo> ok, so i found detailed transaction data; i'm not sure though how i enter the information
14:13:43 *** fbond has quit IRC
14:13:48 <indigo> ideally, i won't have to go to their website and see what price i paid each time i get paid
14:14:00 <warlord> You probably need to create a MututalFund account with a FUND security
14:14:57 <indigo> is there something i can do with the 401k deduction on my paycheck until say, the end of the quarter when i look at the statement and enter what shares i bought, when, and what price?
14:15:41 <warlord> Sure, put it into a 401k brokerage; then transfer from there to the actual shares account later when you "buy in"
14:32:33 *** cortana has joined #gnucash
14:43:44 *** findow has joined #gnucash
14:49:54 *** bentob0x has quit IRC
15:00:12 *** warlord is now known as warlord-afk
15:38:09 <indigo> i'm having a difficult time finding a reasonable way to enter these data
15:38:42 <indigo> each paycheck, i make the same contributions to each fund; all that changes in the share price
15:39:05 <indigo> also, i have subaccounts for each fund to keep shares that i've bought separate from my employer's match
15:39:44 <indigo> if i duplicate the transaction, i have to enter the updated price in no less than 4 places (2 funds, 2 sub-accounts each)
15:40:27 <indigo> furthermore i seem to only be able to do this if i open each account individually; if i open the 401k account and show sub-accounts, the prices aren't editable
15:41:02 <indigo> is there an easier way i can be doing this?
15:51:39 *** warlord-afk is now known as warlord
15:52:02 <warlord> Nope.
15:52:44 <indigo> hrmh.
15:59:00 <indigo> so let's say at the end of the quarter, i get my statement. I credit the asset account i've been using to hold my contributions and my employer's match, and credit the individual funds with however many shares the statement says i purchased in that quarter. gnucash calculates the effective mean price over that quarter, which won't match anything on the statement, but is still really the mean price
15:59:28 <indigo> also i have an income account for employer matching that i can always reference
15:59:38 <indigo> sound reasonable enough?
16:03:28 <warlord> yes
16:09:25 *** ErKa has quit IRC
16:20:30 *** warlord has quit IRC
16:23:00 *** warlord has joined #gnucash
16:23:00 *** gncbot sets mode: +o warlord
16:24:07 *** warlord has quit IRC
16:26:51 *** warlord has joined #gnucash
16:26:51 *** gncbot sets mode: +o warlord
16:28:43 *** edhel has joined #gnucash
16:32:34 <edhel> hello. I have 4 reports that I have nicely customized to my needs, so I don't want to close these reports tabs when I quit gnucash. problem is, gnucash takes a lot of time to load because it has to display these reports (I don't need them every time, I just don't want to go through the customization again when I do need to look at them). what would be the best solution? creating my own reports from the basic ones I used, and forcing most options so
16:32:35 <edhel> that I don't have to do the customization again?
16:33:28 <warlord> edhel: From the report tab, click on the "options" toolbar button, then change the report name, then click on "Add Report"
16:34:38 *** warlord has quit IRC
16:34:40 <edhel> hm, is "Add Report" a new button? I have 2.2.9 here
16:34:42 <edhel> eek
16:34:50 <edhel> sounds promising anyway :D
16:35:18 <edhel> ah, no, I can see it, but greyed out
16:35:58 *** warlord has joined #gnucash
16:35:58 *** gncbot sets mode: +o warlord
16:38:21 <edhel> warlord: sounds very promising, but the button is greyed out... is that because my report was not created in this session?
16:39:14 <warlord> No, it's because you didn't change the report name to something unique
16:39:56 <edhel> I did long ago :) but if I create a new report and change to the very same name, I can add it
16:41:22 <edhel> ah, and if I change the name of my old report again, it works
16:41:23 <edhel> ok
16:41:52 <edhel> many thanks, that is exactly what I needed, I can't believe it was so easy :)
16:42:33 <warlord> :)
16:49:08 *** bentob0x has joined #gnucash
16:52:26 *** edhel has quit IRC
16:58:16 *** warlord has quit IRC
17:03:25 *** pieter has joined #gnucash
17:04:23 <indigo> the advanced portfolio report is showing the total gain on my 401k as -42%
17:04:33 <indigo> is that wrong, or am i misunderstanding what that should mean?
17:05:50 <pieter> hello, I've got a question: i'm using gnucash 2.2.9 on ubuntu 10.04 and I'm trying to import an mt940 file, but nothing seems to happen
17:06:13 <pieter> what should I do? I didn't see a pop-up showing an error or anything
17:07:48 *** pieter has quit IRC
17:09:05 *** pieter has joined #gnucash
17:09:22 <pieter> i'm sorry firefox just crashed (i'm using chatzilla)
17:25:26 *** gt521 has quit IRC
17:40:19 *** Koreth has joined #gnucash
17:40:36 <Koreth> hello
17:55:16 *** zerwas has quit IRC
18:03:44 *** warlord has joined #gnucash
18:03:44 *** gncbot sets mode: +o warlord
18:43:31 *** zeenos has joined #gnucash
18:43:32 *** findow has quit IRC
18:44:57 *** pieter has quit IRC
19:17:50 *** fbond has joined #gnucash
19:37:52 *** mwhipple has quit IRC
19:47:31 *** cortana has quit IRC
19:58:27 *** mwhipple has joined #gnucash
20:09:24 *** mwhipple has quit IRC
21:40:56 *** fbond has quit IRC
21:48:30 *** bentob0x has quit IRC
21:55:47 <indigo> i read about a "save report" menu item once, but i've never been able to find it. it might only be in development versions.
21:56:18 <indigo> also i've confused myself with the pageup button.
21:57:12 *** fbond has joined #gnucash
21:59:30 <warlord> Nope, it's in 2.2.9
21:59:40 <indigo> yeah, found it now
21:59:43 <warlord> You need to rename the report to something unique dirst
21:59:44 <warlord> first
21:59:53 <indigo> had my client scrolled up so i didn't see your answer :)
22:00:30 <warlord> k
22:16:39 *** warlord has quit IRC
22:47:44 *** Jimraehl has left #gnucash
22:49:02 *** Jimraehl has joined #gnucash
23:15:59 *** ska has joined #gnucash
23:19:13 *** fbond has quit IRC
23:30:26 *** Slurpee has quit IRC